Mega-mansions still big business


The rich are different from you and me. For one thing, they seem to need a lot more space to live in.

The Los Angeles Times yesterday reported that despite the dismal state of real estate these days, the building of mega-mansions is still going strong. One builder cited in the story, while overseeing the construction of a 32,000 square foot home on Sunset Blvd. in Beverly Hills, said that he knew of 20 more 20,000 square-foot-plus sized home under construction or about to break ground on the wealthy West Side.

How is this possible? Anything is possible when you don't need no stinking mortgage.